Will French brings $50 mil to AFM
Cash available for producers looking to shoot in the U.S.More AFM news
SANTA MONICA -- Producers looking to shoot in the U.S. will be buoyed by the efforts of Will French, co-founder and president of tax credit-based financing leader Film Production Capital, who arrives in town with more than $50 million.
The cash is available for the financing and acquisition of tax incentives for productions filming in states around the country.
FPC first opened its doors in Louisiana in 2003, having financed or acquired tax credits for nearly 70 productions, including the upcoming "The Expendables," starring Sylvester Stallone and Jet Li, and "Stone," with Robert De Niro, Edward Norton and Milla Jovovich.
FPC has increased its bank credit capacity more than three-fold since March of this year.
French is meeting with producers at AFM who have upcoming production start dates in tax incentive states.
"We'll be looking to put all of our capital to work within the next 60-90 days," French said. "This is a good time to be in production in tax incentive locales."
FPC has offices in Louisiana, Michigan, Georgia and Arizona.
The added capital resources will pave the way for FPC's expansion into other top-tier incentive states like New Mexico, Massachusetts and New York.